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TORONTO - Canada's economy gained a net 17,500 jobs in October, entirely in part-time work, and the jobless rate rose to 5.7%, Statistics Canada data showed on Friday.
Employment in the goods producing sector grew by a net 7,500 jobs, largely in construction. The services sector was up by a net 10,000 positions, mostly in information, culture and recreation, as well as health care and social assistance."So most of the jobs were part time. There were only a couple of sectors that were noticeably up. So for the most part, it's a generally soft tone. We still stayed on the plus side.
"I would suggest you've got some weakness extending or straddling the transition from Q3 to Q4. You'd really need to see some strong holiday shopping and end of year activity in order to get a beat on Q4."
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